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gk today magazine subscription Published this article page no 140 Presence of Unfair practices and Corruption Despite more regulations added over time the transparency and accountability has remained poor. This has led to unfair practices and corruption to limit the competitions at various levels. E.g. ○ Institutional requirements on prior vendor registration (limiting suppliers) social obligations on procurement from Micro and Small Enterprises (MSEs) and Technical guidelines or qualifications ○ AntiCompetitive Practices by Suppliers such as Market Sharing and Cartel Formation Bid rigging and collusive bidding abuse of dominance etc.Poor DecisionMaking Due to complex procedures the bureaucratic hassles and hazards have increased. It leads to irregularities with lack of decisionmaking in order to avoid future questioning.Lack of Competitive Neutrality No level playing field due to preference to public providers.Other Constraints Information Asymmetry among private institutions especially at MSEs level Unavailability of sufficient procurement professionals and Poor Grievance Redressal mechanism. Way Forward Building on existing Rules and procedure India need reforms in whole public procurement and project management with features practices incentives disincentives etc. asBack the General Financial Rules through legislative power for a transparent accountable and competitive procurement regime. For example giving penalty for poor project deliveries legal backing gk today magazine subscription buy.
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